The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
it's not misleading. leon takes great effort in most of his interviews to explaining clearing how the cathode/ s
sulphide split works.
you are the only one that's misleading you ****.
It is a bit misleading 13k copper does not translate into 13000 x 4000. Even management is straight about the mix . They told us how much cathode/ sulphide concentrate they probably can squeeze from ROM etc and it is far less than $4k margin.
******, i’ve always thought roan/sable was the key. if we can get 13,000 tons of copper at a $4k margin it sounds good to me!
Not read a single post have you gotreal. Egg all over your face. I'm fully invested.
Anyway back to the nice people - 2 new modules for chrome. Typo error in the report (looks like to me). 2 new modules by Christmas - Ist one to be commissioned in June I believe (just memory not checked).
2nd one rightly stated as COMMENCING in August but wrongly stated as COMMISSIONING in August later in the report. Leon's rushed it out to get an IRH update before end of March. The positive for me is the Roan progress which was always my biggest bugbear with owning the shares. Up, pull back, steady progress in terms of sp from here. Fingers crossed. The obstacles are being left behind one by one.
Going back to housework now - so post what you want gotnowt, I won't be reading it.
All I say is don't kill the messenger. Q - numbers are around the corner, I don't know when, but soon. An update without real substantial information does not make sense at this time, maybe only for one reason. Unfortunately even a very positive framed RNS does not excite market anymore, because market called the bluff. Only hard facts aka cash generation and dividends are going to help JPL., not continued sweet talk from seisnav et.al.
Dyslexic typo Bluebelly - 5.58 not 5.85 doh.
Kalan. 'weekly chart showing JLP broke through 200 day moving average and is retracing back towards it (at about 5.85p).'
I don't see the 200 day average on the weekly chart at 5.85???
BB
I give up.
Lol, Kalan. You just defined a swing trader. Good on you and good luck. You will need it.
Not a trader at all. I use charting to help me with entry point on a share with good fundamentals. I also use charting to pick my exit point when the time comes. I did buy at 5 and sold at 6 and have now bought back at 5.52p but that was because the sp was pumped up on no change in circumstances. i don't plan to sell for many months ahead but I can if the circumstances change and I would use the charts to help. I don't trade because I'm no good at it, not because there's nothing wrong with it. A friend of a friend buys and sells 6 shares day in day out. His average hold time is 1hr 20 minutes. He doesn't work - he makes a living out of it - good luck to him - not for me.
If all the traders & de-rampers could just keep the negativity up for one more week, I can add another £20k in my ISA on 6th April.
OD
Kalan, as I assume you are a day/swing trader you mustn't forget the cardinal rule. Fundamentals beat charts every time. You playing a risky game when news flow from now on in should be VERY positive.
Not investment advice - weekly chart showing JLP broke through 200 day moving average and is retracing back towards it (at about 5.85p). This should be a retest and if that hold buying at 5.6p or just above could be a good move for those who were looking to get in and thought they'd missed out (with hindsight my third purchase at 5.7p was too hasty.)
I don't think the rns was about IRH really Buttermilk. Leon messed up a little in his interview saying an update on IRH was due at the end of March and the interviewer picked him up on that being a few days away. Leon's head is a bit full with all the stuff going on say he came out with a week at Jubilee being like a month or some such. He then stated an update would be in a couple of weeks. He's put out an update on IRH before end of March, probably after reviewing the interview with a critical friend. The real positive is Roan - he's sticking to April (for ramp up now as opposed to fully up and running) but this is certainly above my expectations. Was expecting a face saving just started commissioning at end of April with hopefully full production by end of May. This update is better than I expected. The language used in the update (albeit with a chrome error) is more professional in my view. More business like if you will. We have had a higher low on the charts and a higher high and now possibly confirming an even higher low. A close above 6.32 would give the next higher high in the local uptrend setting the scene to break out of the long term downtrend. It takes time to turn round a tanker. Looks like it's happening.
For any new readers, Buttermilk is the resident negative poster. You will notice that his english language abilities fluctuate throughout the day as different people come on shift!
Well market is not so hyper-optimistic as some posters here. Not much information comprised in this RNS, that was not already known, albeit IRH nugget is news, but not a positive one. Announced in December as a done deal, they announce it again as a done deal. Good thing is, credibility has already reached sea level, I guess it a RNS as usual.
From a timing standpoint though it is interesting: There might be some truth, that this RNS is fabricated only to facilitate an exit for a big guy.
Spot on Northern Shark - Roan is the most important part of today's RNS IMO. Ramping up in April/May will cut down expenditure and increase income - helping the cash position.
down the line more capacity is needed as Sable will max out even with the extension. I would like (but it rarely happens) JLP to fund any future purchases out of revenue or at least by debt and not by dilution. There is a chance now to reward the long term shareholders - let's hope it happens.
Northern, there are 10-12 M’s just in the vicinity of M! Surely this would call for the further expansion of Sable. I think originally they said they could easily double the size of Sable. This would make sense with all the local opportunities around M. I also think Chambishi is on the radar and will help exploit growth further away from Sable. The opportunity is off the scale here and we are just getting going. Growth, everything we used to dream about is finally upon us.
Mikie, I think there will be more Project M's. Most of the interviews have mentioned there are 10's of similar projects around Zambia and the employment opportunities will play well with the government (as well as being profitable for Jubilee).
Growth potential is massive and my one concern around funding has eased with the IRH confirmation. Once Roan is in full swing the rest should be self funded unless they go it alone and try and buy a large refining footprint.
Northern
Seis, one point Leon underlined and underlined at the AGM via video link. Was how shocked the market would be at the speed of the rollout of the copper expansion. I think we can all see how this can happen now and cash flow will just expedite this. I’ m pretty sure it wont be long before we see another project with IRH as well. Sentiment is going to change rapidly here.
Mikie I would agree that we are likely to see further modules assuming all goes to plan with the first batch, it does say in the RNS: "The Waste Rock Project aims to implement an INITIAL 4 Copper processing modular plants..."
Jonah, any amendments may come out in subsequent interviews but there maybe commerical restrictions on what they can say as well. As I say pure speculation on my part but they are in a much better negotiating position than when the original agreements were concluded.
Northern
Well, happy Easter all shareholders. Full of good news, plus a sprinkling of more good news for good measure. Looks like that might have caught a few off guard! What really stands out to me is the joint venture. With over 260M tonnes present and i think some estimates as high as 350M tonnes! It is striking that the initial 4 modules will have a combined input capacity of 2.4M tonnes. A rough calculation says that is going to take around 108 years to process. I would expect another 4 modules to immediately follow the first 4 modules, with another 4 modules following the first 8. That really highlights the significance of this project. I would expect this to be producing 60-80k tonnes of copper per annum if fairly short order. Thats just the joint venture! Jubilee is in an outstanding position! Congratulations to Leon & team, the progress has taken a while, more than expected, but the opportunity is first class. Word will soon spread on this. This is going to be one exciting summer!
Seisnav- as I posted below the rns looks contradictory on the second Thutse module.
Is it the case that the first module is going to be commissioned in June? and the second module commenced in August and then be commissioned in say November?
Sorry Happydays. It was your link I referenced.